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Nov 26, 2012
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do the markets care when you see the ceos and some of the wealthier people, including warren buffett today in the "times" saying, look, we have got to raise revenues by raising some taxes on wealthy individuals. we saw that from both buffet and radner, very prom negligent well-known financiers but ultimately endorsing what sounds like the obama position. do the markets look to those steps the way we do in politics and say this is more likely to get done or does it not work that way? >> look, the market is hanging on every single development in these negotiations. a couple of days ago leaders came out of the white house and said they had a pretty conciliatory meeting and everything seemed hunky dory at least in that one meeting and the market boomed. people are watching and waiting to see what's happened here. you've got a split on wall street. there are those folks who don't want to see tax increases no matter what under any circumstances ever. and then you have other folks like lloyd blankfein who said they don't mind tax increases on the wealthy as long as it helps us to get to a d
do the markets care when you see the ceos and some of the wealthier people, including warren buffett today in the "times" saying, look, we have got to raise revenues by raising some taxes on wealthy individuals. we saw that from both buffet and radner, very prom negligent well-known financiers but ultimately endorsing what sounds like the obama position. do the markets look to those steps the way we do in politics and say this is more likely to get done or does it not work that way?...
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Nov 26, 2012
11/12
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warren buffett saying this week to the president effectively, my words, not his, don't give in here. don't give in on taxes. threaten to go over the fiscal cliff. it's not going to kill the economy any worse. how does the president work his will here? how does he get to the kind of compromise that david cody wants and other ceos, while still saying i've won this election and i need to drive things in the direction i think is best? >> i think he's got to govern by the commitments made during the campaign. and i think he will. this is about fairness. why do we need to deal with the tax on the rich first? because we must assure americans we are dealing with fairness. we keep talking about shared sacrifice. there was not shared wealth and shared prosperity. so you're asking people that didn't enjoy the good times to share in paying for the tab that they never enjoyed. so i think that when we first deal with the taxes, as you raised in your first point, and then go from there talking about how we deal with entitlements and all, you have a fairer environment to govern from. but you can't p
warren buffett saying this week to the president effectively, my words, not his, don't give in here. don't give in on taxes. threaten to go over the fiscal cliff. it's not going to kill the economy any worse. how does the president work his will here? how does he get to the kind of compromise that david cody wants and other ceos, while still saying i've won this election and i need to drive things in the direction i think is best? >> i think he's got to govern by the commitments made...
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Nov 29, 2012
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with all due respect to warren buffett, a boost to the middle-class is raising tax rates on the rich? >> sean: why don't they give it to the government if they think it's a moral imperative? >> i don't know what he's trying to drive in this country right now. businesses are unwilling to spend, capital expenditures are down, people are unwilling to hire. the level of uncertainty in this country is downright scary. >> that's right. it's not going away anywhere soon. we're changing the face of america, and so now it's about the equality of outcome, that we need to level and equalize everybody. that's what occupy wall street is all about. that's what president obama is all about. >> sean: one analogy, almost like you have two parents representing the two parties. one party says you can play all the xbox you want, endless tv, you don't have to do your homework. the republican party says we got to balance your budget, eat your spinach and broccoli, turn off the tv and do your homework. if i'm a kid, i want the xbox. >> that's right. >> in obama's final term, we have to know how he'll define
with all due respect to warren buffett, a boost to the middle-class is raising tax rates on the rich? >> sean: why don't they give it to the government if they think it's a moral imperative? >> i don't know what he's trying to drive in this country right now. businesses are unwilling to spend, capital expenditures are down, people are unwilling to hire. the level of uncertainty in this country is downright scary. >> that's right. it's not going away anywhere soon. we're...
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Nov 29, 2012
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so i'm all for that. >> the book is "tap dancing to work warren buffett on practically everything" the oracle of omaha. we appreciate you're coming on today. look forward to seeing you soon. >> thank you for having me. >>> two nfl players leaving lucative contracts behind in search of something higher, their story next on "andrea mitchell reports." a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... wi
so i'm all for that. >> the book is "tap dancing to work warren buffett on practically everything" the oracle of omaha. we appreciate you're coming on today. look forward to seeing you soon. >> thank you for having me. >>> two nfl players leaving lucative contracts behind in search of something higher, their story next on "andrea mitchell reports." a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the...
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Nov 26, 2012
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>>guest: okay, warren buffett has made a lot of money, some of it off of gaming the political system, he invests in insurance companies, and lobbies to raise the death tax which drives people to buy insurance. okay? you can get rich playing that game but it is not investing, it is playing crony politics in economics. that is a shame. he has done the same thing with green investing. same on him for gaming the system and giving money to politicians who write rules that make your assets go up. the real economy, if he thinks the government can take a dollar and you go do an invest or who does not have that dollar and it does not infect investment that is silly unless he lands on going to obama and getting money from a stimulus package and he considers that investment. when the government takes a dollar away from the american people or $1 trillion, that is a trillion not available to be saved and invested, and i am sorry if buffett can't see that but that is silly. >>neil: do you worry, fairly or not, you have been seen as you unique wizard of oz figure who has been able to keep republican
>>guest: okay, warren buffett has made a lot of money, some of it off of gaming the political system, he invests in insurance companies, and lobbies to raise the death tax which drives people to buy insurance. okay? you can get rich playing that game but it is not investing, it is playing crony politics in economics. that is a shame. he has done the same thing with green investing. same on him for gaming the system and giving money to politicians who write rules that make your assets go...
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Nov 27, 2012
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who are now paying so much less, paying what mitt romney paid, paying what warren buffett pays, 14 or 16%, because of capital gains and other investments, what about a minimum tax that would require them to pay 35%? >> the president has supported the buffet principle for a long time and his state of the union address last year, he supported buffet rule which would set a minimum tax for those who are the most wealthy. but we have a set of problems we need to address. and this requires a comprehensive solution and most importantly, we need to collect additional revenue from the most fortunate which includes raising tax rates to where they were during the clinton years. >> similarly, what about revisiting simpson-bowles? a lot of people are talking about the framework, a lot of work has been done, are there means testing, further means testing of medicare, for instance, or other kinds of delayed medicare enactment, you know, sliding the age, for instance, kicks in other ways to try to down the road at least realize some real money? >> well, i think the best solution would be one that not
who are now paying so much less, paying what mitt romney paid, paying what warren buffett pays, 14 or 16%, because of capital gains and other investments, what about a minimum tax that would require them to pay 35%? >> the president has supported the buffet principle for a long time and his state of the union address last year, he supported buffet rule which would set a minimum tax for those who are the most wealthy. but we have a set of problems we need to address. and this requires a...
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Nov 26, 2012
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. >> before we get out of here, warren buffett, the op-ed in the "new york times" and we all know in the past he said he personally would welcome a tax hike. >> right. >> here is a snippet from this morning. forget about the rich and ultra rich going on strike and stuffing their ample funds under their mattress if gas, capital gains rates, and ordinary income rates are increased, the ultra rich including me will forever pursue investment opportunities. where is the room for the gop to continue to argue against taxing the rich at a higher rate. >> there really isn't for a whole host of reasons not the least of which is politically speaking it doesn't make sense. the study you talked about at the beginning, here is what a lot of people don't realize. for many americans the way they do christmas, they take out a loan. that's how they pay for christmas presents hoping the tax return that they get back, the money they get back from the taxes will be able to pay off that loan. that's how a lot of americans are living their lives. i think the republicans have got to recognize they can no lo
. >> before we get out of here, warren buffett, the op-ed in the "new york times" and we all know in the past he said he personally would welcome a tax hike. >> right. >> here is a snippet from this morning. forget about the rich and ultra rich going on strike and stuffing their ample funds under their mattress if gas, capital gains rates, and ordinary income rates are increased, the ultra rich including me will forever pursue investment opportunities. where is the...
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Nov 27, 2012
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let's make a pledge to warren buffett. how about that one. >> announcer: this is the "bill press show." >> bill: hey, good morning everybody. welcome to the "full court press" here on current tv. this tuesday morning. november 27. so good to see you. thank you for joining us here on the "full court press." as we tackle the big stories of the day. tell you what's going on here in our nation's capital. around the country around the globe and take your calls, of course. you're part of the conversation. we'll hear from you. how about this. with less than a month since president obama's re-election people are already talking about 2016 and here's the good news. newt gingrich yesterday said that he will seriously consider running again. keep your fingers crossed. i mean he made such a total ass of himself this time around, we can only hope that he does it all over again. to the moon! with newt! all right. that's just one of the many topics we'll be covering here on today's "full court press." but first, we start out with the lat
let's make a pledge to warren buffett. how about that one. >> announcer: this is the "bill press show." >> bill: hey, good morning everybody. welcome to the "full court press" here on current tv. this tuesday morning. november 27. so good to see you. thank you for joining us here on the "full court press." as we tackle the big stories of the day. tell you what's going on here in our nation's capital. around the country around the globe and take your...
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it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new group record. $1.7 trillion, more than five times the $300 billion total in 1992. he says you know, my gang has done pretty well. so leave the middle class alone. and so these two kind of the 1-2 punch from the white house perspective, at least, today on what we should be doing in debt talks. >> buffett is interesting. he said he doesn't think it will be that big a deal if we go off the cliff. >> he says don't worry about raising taxes on investments and income from investments. he said, i will do a good deal, because it's a good deal. not because my taxes are going to be a certain rate. so he has pounded this -- beat this drum for some time. but this is the white house, the latest from the white house on the fiscal cliff and how it would hurt the middle class. >> christine romans, great to see yo
it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new group record. $1.7 trillion, more than five times the $300 billion total in 1992. he says you know, my gang has done pretty well. so leave the middle class alone. and so these two...
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Nov 26, 2012
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and in today's "new york times" warren buffett calls for a, quote, minimum tax for the wealthy writing let's not forget about the rich and ultra rich going on strike. capital gains rates and ordinary income rates are increased. the ultra rich, including me, will forever pursue investment opportunities. buffett calls for the cutoff point to increase from $250,000 to $500,000, by the way. defensem democrats are facing pressure from interest groups who oppose changes to medicare and social security like this one from the aarp. >> some politicians think medicare and social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future of these programs into a last-minute budget teal, we'll all pay the price. >> and there's your potential pressure from the left. gop negotiators have put adjusting the measure of inflation which determines social security benefits back on the table, something the president had agreed to in 2011. majority leader harry reid has ruled that out this time and the number two
and in today's "new york times" warren buffett calls for a, quote, minimum tax for the wealthy writing let's not forget about the rich and ultra rich going on strike. capital gains rates and ordinary income rates are increased. the ultra rich, including me, will forever pursue investment opportunities. buffett calls for the cutoff point to increase from $250,000 to $500,000, by the way. defensem democrats are facing pressure from interest groups who oppose changes to medicare and...
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. >> warren buffett was out this morning talking about tacking the wealthy. >> time to make the tax rates more progressive. >> that's just silly. >> grover norquist, he wanted ground government in the bathtub. i hope he slips in there with it. >> medicaid, social security. >> this is not part of the conversation. we're not going to raid social security. just another fight in washington. >> there's going to be blood and hair and eyeballs all over the floor. >> i'm more positive than most. >> if not, we go off the supposed cliff. >> the fiscal cliff or slope. the bump of various height. >>> thelma and louise might need to make room in the car for the president of the united states. at the white house today, senior obama administration officials met with liberal leaders and union officials. "the washington post" reports that one told him after the meeting, quote, would the white house go off the cliff if it's between that and compromising their core principles? i was left with the impression that they would. illinois democratic senator dick durbin spoke today at the liberal center for americ
. >> warren buffett was out this morning talking about tacking the wealthy. >> time to make the tax rates more progressive. >> that's just silly. >> grover norquist, he wanted ground government in the bathtub. i hope he slips in there with it. >> medicaid, social security. >> this is not part of the conversation. we're not going to raid social security. just another fight in washington. >> there's going to be blood and hair and eyeballs all over the...
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we had warren buffett on the show yesterday. warren buffett said raising the top marginal tax rate to 39.6% wouldn't catch any of the top income earners in america. that it would not impact them at all. now why shouldn't republicans be focusing on that, the real political battle in washington today, instead of focusing on a battle they know they're going to lose, against a woman of color after they just got shellacked in the polls among people of color and females. why are they doing this? and, andrea, a bigger question, as we go to a new congress, is john mccain going to continue to have the disproportionate impact that he has on foreign policy in the republican senate caucus? mika and i talked to so many people over the past two, three years that say we want, republican senators, we want out of afghanistan but, you know what, we just sort of stay out of john's way. how many times have we heard that? >> a lot. it's disturbing. >> we hear it all the time. they stay out of his way. are they going to blindly follow and, again, i l
we had warren buffett on the show yesterday. warren buffett said raising the top marginal tax rate to 39.6% wouldn't catch any of the top income earners in america. that it would not impact them at all. now why shouldn't republicans be focusing on that, the real political battle in washington today, instead of focusing on a battle they know they're going to lose, against a woman of color after they just got shellacked in the polls among people of color and females. why are they doing this? and,...
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. >> warren buffett. excellent, powerful piece "new york times" in the about taxes on the rich. he says the rich have been just beating the middle class in the economy over the past three decades. he has some great statistics. he also says this notion that rich people like him will stop working hard and investing if taxes go up is crazy. he says, i made a lot of money in the '50s, in the '60s when taxes were higher. it's time for us to pay up. a very powerful piece. >> he starts off that piece "new york times" in the saying an investor you had miadmire comesd says i've got this great deal. i'm in. you should be, too. would you reply it all depends on the tax rate on the gains i'm going to make. if the taxes are tie hioo high goes on to slap grover norquist. >> that's not fair. >> in this piece he actually says he's in favor of higher taxes for the rich. but he actually disagrees with the president at what level shah should kick in. he thinks it should be half a million. very interestingly, he says at the very, very top it should be a minimum rate of 35%. >> i think it's going to
. >> warren buffett. excellent, powerful piece "new york times" in the about taxes on the rich. he says the rich have been just beating the middle class in the economy over the past three decades. he has some great statistics. he also says this notion that rich people like him will stop working hard and investing if taxes go up is crazy. he says, i made a lot of money in the '50s, in the '60s when taxes were higher. it's time for us to pay up. a very powerful piece. >> he...
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in an op ed column today's "new york times" investor warren buffett add slow indicates a minimum tax on what he calls the ultra rich. he says it will not wreck the economy. "the ultrarich, including me, will forever pursue investment opportunities." >> republican senator john mccain says that he is open to changing his mind on susan rice. now, if she's nominated to become the next swuf state, mccain, he now says he has, of course, been critical of her. she's the current u.s. ambassador to the u.n. she is under fire from republicans for initially saying that it was protesters, not terrorists, who launch the deadly attack on the u.s. consulate in benghazi, libya. rice says she went with the information that the intelligence community gave her at the time. mccain now says he is not going to block her nomination. he is going to give her a chance to explain. here's how he explains that. >> i give everyone the benefit of explaining their position and the action that is they took. you'll be glad to have the opportunity to discuss these issues with her. >> all right. i want to bring in our f
in an op ed column today's "new york times" investor warren buffett add slow indicates a minimum tax on what he calls the ultra rich. he says it will not wreck the economy. "the ultrarich, including me, will forever pursue investment opportunities." >> republican senator john mccain says that he is open to changing his mind on susan rice. now, if she's nominated to become the next swuf state, mccain, he now says he has, of course, been critical of her. she's the...
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this one by warren buffett. whether he would give more of his tax dollars if given the opportunity. he says let's forget about the rich and alternate going on strike and stuffing their money under the mattress. we will look at some other opinions. a republican from tennessee, bob corker, a member of the senate banking committee. he writes in the washington post -- fred in lancaster, south carolina, good morning. caller: good morning. the one caller named interior was pretty close to being right. -- named jerry. it wants to cut taxes, how about we bring some of the foreign aid home to pay down some deficits? how about that? we are talking about obamacare. why not put a cap on a $100 aspirin at a hospital and instead say it's $10? i think that's more than enough. host: senator mike lee as a commentary in the washington times -- that is from the "washington times. mike lee is also a member of the joint economic committee. tony is our next caller in las vegas, nevada. caller: hi. on the fiscal cliff, this has been the unspoken agenda of the democratic party for a long time. they want th
this one by warren buffett. whether he would give more of his tax dollars if given the opportunity. he says let's forget about the rich and alternate going on strike and stuffing their money under the mattress. we will look at some other opinions. a republican from tennessee, bob corker, a member of the senate banking committee. he writes in the washington post -- fred in lancaster, south carolina, good morning. caller: good morning. the one caller named interior was pretty close to being...